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Search Results 0 to 49 of about 83 (some duplicates have been removed)
LINKTV
Dec 27, 2012 7:00pm PST
they hold the republicans more at fault than obama and his fellow democrats. >> earlier, i spoke to richard at campaign's for america's future that's a progressive political organization. he says it's unlikely that the u.s. will meet the deadline. >> it looks extremely unlikely at this point. they're not returning to the lower house until the day before the deadline. so chances are there won't be a deal before january 1st. but then most of the provisions of this so-calleded fiscal cliff won't have an immediate impact. several will but most will be delayed. so thile still have a chance to work in january. >> how is it going to be delayed? because delay has been something that president obama and the democrats have rejected. >> the tax laws won't have an impact on people until they start paying their taxes in earnest. the effect of that will be very mild, very slight. and some of the spending cuts, the -- the executive branch has 30 days to present its plan for putting these cuts into effect so they may not even take effect. so a number of the -- most economists agree that the impact
FOX News
Dec 28, 2012 3:00pm PST
. democrats get everything they want. tack hike on wealthy. the other thing you hear obama needs to come up on the upper income people. but boehner couldn't get his caucus to vote for something that was just going to hit millionaires. republicans have been intransigent. now they are getting left holding the bag with nothing. >> doug: onus on speaker boehner. >> exactly. the reasons that republicans have been recallsy trent and haven't agreed to any of this, as kirsten said, democrats get everything they want. which would make a republican think twice about approving something that the democrats win everything. it seems to me right now we are in a position that mcconnell negotiating this, that something reasonable is likely to come out. mcconnell is a master deal maker. 2010 he fashioned a deal with obama after the mid-term election that extended tax cut two years and brought us where we are today. he is so good if you gave him a weekend and he were in charge he would sol tv syrian civil war. he and read will come up with the package. raising the limit to pay higher taxes. it has to be ke
MSNBC
Dec 28, 2012 8:00am PST
blaming president obama, and investigating for -- for democrats, the cliff is better than setting a rich man's cutoff in the million dollar range or -- and slashing medicare and social security to appease republicans. this is really -- i know we cause it the cliff, i look at it. it's a clean slate for both sides in 2013, and to dig in in a modern approach. >> well, if that's a republican strategy to blame the president, good luck with that. polls aren't bearing that out. they're getting most of the blame right now. as far as a clean slate, the question is how do markets react after january 1st? i think that's what a lot of members and what the leadership looks at. to joy's point, i think what republicans have demonstrated is they are experts at saying no, and they are experts to saying no to things they have supported in the past. we're talking about a combined $2 trillion in cuts, protecting tax cuts for small businesses, reforming the debt limit so it doesn't continue to provide uncertainty to businesses. these are all things i felt republicans were for, they just can't seem to sa
FOX News
Dec 28, 2012 12:00am PST
blame president obama and the democrats for the fact that republicans, his own republicans, abandoned john boehner, took away his power to negotiate with president obama and pretty much went home and they are still at home. it's unbelievable. three quarters of the american people think compromise. and compromise includes spending cuts and tax hikes. >> can i get a word in, guys? >> brent, the republicans passed a bill. the republicans pass it had. senate democrats haven't passed a bill in 1300 days. you have to be kidding me. >> it's much easier for the democrats to sit and file their nails and say those awful republicans. look at those awful republicans go. the democrats haven't done anything. now what is the opposition to this super tax on the greedy rich? well, the republicans have argued for 20, 30, 40, 50 years that high taxes stifle economic growth. president obama said two years ago when he didn't do this two years ago, he said the wrong thing to do in a bad economy is to raise taxes. now suddenly both sides are considering doing exactly that. you've got three different studies
KRON
Dec 27, 2012 8:00pm PST
the president to discuss the standoff. obama and congressional democrats want a deal that would let tax rates rise for the wealthiest taxpayers. many republicans remain against any tax increases. the white house meeting would be the first time the president has huddled with all four november 16. the senate is back in session. majority leader harry reid is starting to sound pesimistic. >> reid: "i have to be very honest. i don't know how it can happen now." >> reporter: the house is still on christmas break. but will meet sunday evening, a little more than 24 hours before the "fiscal cliff" arrives. but it's not clear what legislation it might consider >> mcconnell: "hopefully there is still time. preventable economic crisis." >> reporter: and over the edge is just where the economy may go. im justine waldman for kron 4 news. >> grant: the powerful winter storm that raced across the country this week is not over yet. the storm is dumping several inches of snow in the northeast and midwest. this was the scene in syracuse new york.were residents spent the day digging out. ines ferre ha
MSNBC
Dec 28, 2012 12:00pm PST
the next move to be from obama and the democrats? >> reporter: well, i obviously will see whatever the president does in here and if things end, the president at least can come before americans and say i was the last one to put the offer on the table. the republicans with an opportunity before and pursued plan b and i think the president feels confident to put something together behind the closed doors in the oval office and the west wing today at least he has the advantage going forward from here. i think that's about as far ahead to look right now. >> yep. >> peter alexander, thank you. mike viqueira, see you tomorrow. >>> up next, if you're cliff diving, rick newman is here to make sure you land on your feet. we have questions about those. if you're not following this guy, you should be. hendrick lamar takes us to break. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. an
MSNBC
Dec 27, 2012 4:00pm PST
at the two reasons why she lost the democratic primaries to obama in 2008, one was the iraq war, that foreign policy. and the idea that democrats thought maybe she's too polarizing. obama is the uniter, clinton is the wars of the 1990s all over again, too many people don't like her. i think the best thing republicans have done for hillary clinton in the last four years is they have taken that argument away. no democrat can come along in 2016 and use that argument against her now, that she's a uniquely polarizing figure. she's as polarizing as anybody else. >> here is my view, get a whole new team around you. the team you ran with last time was a disaster. get people who want to enlarge your coalition. they should have built a very big national campaign the way bill clinton was able to do. thank you, rana foroohar. and thank you, steve kornacki, as always, my colleague from the network we both serve. thank you. see you all in the next year. >>> up next, the election is over. now it's time for president obama to get things done, and he has less time than you might think. strategiz
LINKTV
Dec 28, 2012 3:00pm PST
sense of whether president obama and your fellow democrats in the senate and house will stay the course on this or will eventually compromise in a way that many progressives would regret? >> first of all, we have a divided government. president obama's election said one message, the election of republican house of representatives since another. the actually, working at odds here. you have republicans who will not raise taxes for anyone making more than $250,000 a year, and looking at entitlement cuts. yet democrats that say you have any taxes for those who make under $250,000 and no cuts to the low-you had democrats as a you have no taxes for those -- no tax cuts for those making under $250,000. we're going the wrong direction. why have we been talking about stimulating the economy through jobs? we seem to accept a certain amount of unemployment as being necessary for the proper functioning of the economy, so that for corporations and will keep wages low. that is baloney. we are creating our own economic vice that is entrapping tens of millions of americans. i find it unacceptabl
MSNBC
Dec 28, 2012 6:00am PST
>>> democrats won't soon forget the acquaintances they made in 2012 that propelled president obama to four moryears but what is in store for that term and what will the president be able to accomplish. history shows highs and lows for a second-term president. what can he learn from the mistakes and big breaks that shaped the country for the last 30 years? >> and a who's who to keep your eyes on for the coming year and years. will new names emerge as the leading voices of their party while old familiar ones still drive the early jockeying for the next presidential fight? happy holidays and new year, and hello from washington. this is a special year-end edition of the "the daily rundown." also a preview. i'm chuck todd, and all this hour, we're going to look at what lessons we got from 2012, what they'll mean for 2014. how power can shift in 2014, and who is taking the long hard look at a bid for 2016. maybe we'll even slip in something about 2015 just for kicks. let's get right to my first brief. how did president obama weighed down by a jobless rate higher than any incumbent seekin
LINKTV
Dec 28, 2012 5:30am PST
moves rapidly toward falling off the fiscal cliff, president obama is about to give a final push. negotiating with congressional leaders from both political parties. from the democrat-controlled senate, top democrat harry reid, and the top republican mitch mcconnell. senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that they can consider for a vote. there has been no indication from the white house or the republican leadership that they are anywhere near any kind of makings of a deal that they could present to the house republican leadership -- or the house republican rank-and-file who so far have been adamantly opposed to tax increases at any level o
ABC
Dec 28, 2012 5:30am EST
obama's fault and 6% say it's the responsibility of congressional democrats. the largest number this is important 31% of respondents say the whole thing is both parties fault and the president's. also megan this morning we have posted a number of stories at our website abc2news.com. go to there for more on debate and see the numbers as to how it could affect you. >> news time 5:36. >>> while lawmakers continue to talk about the fiscal cliff one man has decided to take action and that's because he is fed up with the country's debt. now, while it's not going to solve all the economic problemswe have, he says it's about making a point. we see what this man is doing. >> reporter: in his unheated garage, 85-year-old man is working to fix the fiscal cliff one can at a time. how much money have you sent the government? >> a little bit over 3,000 dollars. >> reporter: 3,197.88 to be exact. all tracked on a handwritten ledger. the last three years, garcia has been paying the government 50 dollars a month of the postal service pension and money from cans he collects. >> we are paying too much
CBS
Dec 28, 2012 12:00pm EST
obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last- minute agreement to avoid automatic spending cuts and tax increases due to kick in on january 1st. >> probably the worst case scenario will come out of this maybe today and -- meeting today and that is we will kick the can down the road. >> reporter: senator bob corker told "cbs this morning" he predicts the meeting will bring only a temporary solution. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something but let me just say one more time. this is a total dereliction of duty at every level. >> reporter: going over the cliff would affect 88% of u.s. taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last-minute. >> they're playing games with people's lives. and i don't m
FOX News
Dec 27, 2012 9:00pm PST
senators made up a pro pose yl to raise taxes and two senate democrats reported to have said wow. this is a break through. we can get a deal now. we'll be able to work this they go talk to president obama and hairy reid, come back to say, sorry we're not atloud work the deal. they didn't want to deal then. they don't want a deal now. it worked out well for them not to allow a deal last time. they blamed us last year. them and it worked and got go over the cliff? blame republicans. not let the senate pass anything. we get away with it, again. >> allmúwu right. here is the quandry l dilemma. congressman> i think it does. the house acted. we acted on augus
WHUT
Dec 28, 2012 6:00pm EST
cliff. no to a cat food christmas. >> as president obama meets with congressional leaders at the white house, we speak outgoing democratic congress member dennis kucinich about the so- called fiscal cliff and a bill to continue the controversial domestic surveillance program. then, will the government -- of nerve north carolina pardon the wilmington 10? >> it is not a secret an injustice has been done. now, governor perdue has an opportunity to right the wrong. we cannot go back to 1980. this is 2012. >> the north carolina governor is being urged to pardon a group of civil rights activists were falsely convicted and imprisoned 40 years ago for the firebombing of a white owned grocery store. the conviction was overturned in 1980, but the state has never pardon them. we will speak with one of the wilmington 10 who served eight years behind bars and it became head of the naacp. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama is set to meet with congressional leaders at the white house just three d
FOX Business
Dec 28, 2012 11:00am EST
obama and democrats to offer a fiscal cliff deal, perhaps a scaled back proposal, but, still, no indication that's going to happen this afternoon. the senate is in session. the house returns sunday. they will take a vote sunday night on another piece of legislation. the senate has been working on other legislation, not related to the fiscal cliff, and that has some folks in washington speculating this afternoon's meeting in the white house is nothing but show. the one senior democrat says it is a serious effort. >> well, this is not for show, but a last ditch effort by the president to bring the congressional leaders together to try to get at least a small package, small deal together before the new year to avoid some of the tax parts of the fiscal cliff and the deal with some of the unemployment issues. >> now, that deal, the small deal that the congressman is talking about, speculation perhaps that includes a tax rate tax increase for families earning $500,000 a year, mid way point almost between what democrats and republicans had in the opening offer. perhaps up employment ext
FOX
Dec 28, 2012 7:00am EST
. this afternoon president obama will hold a meeting at the white house. >> he invited democratic and republican leaders for the talks. we get the latest from sherri ly live at the white house. good morning. >> reporter: good morning. they are back at it again today. these are the first face to face talks between the president and republican leaders, and today the president will be meeting with congressional leaders here at the white house from both parties. they are trying to figure out a way to get around this fiscal cliff, and at this point it's not about coming up with a grand bargain. they're just trying to get something done and fast. president obama back in washington, but can he lead both parties to a compromise fiscal cliff work-around? republicans say democrats have been dragging their feet for months and they won't be pressured into what they considered a bad deal that doesn't help balance the nation's books. >> the president calls congressional leaders to the white house, it's political theater or they have a deal. my bet is it's theater. >> reporter: speaker john boehner
CNBC
Dec 28, 2012 4:00am EST
american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this, we're joined by christian schultz from barronberg bank. welcome. so we're going over the fiscal cliff. >> well, the consumer confidenc already be over the cliff in terms of confidence already. that might already be the first impact of the crisis of -- not of the crisis, but yes of the fiscal cliff. it seems we have this moment where this animal goes over the cliff, all limbs are still rotating around and we're staring into the abyss and eventually we're going to fold. >> i love that mental image. >> but it was the expectations component of that confidence data yesterday that was responsible for the headline decline. what's interesting is the current component continues to increase. when you look at the drop in gas prices, the job market held up okay, it should have been a pretty good holiday season. confidence taki
ABC
Dec 28, 2012 5:30pm EST
government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to give a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together but it's a total dereliction of duty and a lack of courage to deal with the issues. >> it rests in the hands of the senate. >>> president obama is scheduled to give an update on the fiscal cliff within the next 15 minutes. when that happens, we will join him live for that announcement. >> for more on the fiscal cliff and what
CBS
Dec 28, 2012 7:00am PST
the key players, president obama, top democrats, harry reid and nancy pelosi and leading republicans mitch mcconnell and house speaker john boehner. it will take some doing for boehner and reid to get along. it was only yesterday on the senate floor that harry reid called john boehner a dictator. in the past these meetings haven't produced much progress. the goal appears to be to shield most americans from automatic tax increases due to eat into their paychecks starting next week in the form of federal income tax withholding. the president has agreed to raisin come taxes on americans over $400,000. also an effort to extend jobless benefits for america's out of work for six months or more. these are microscopic goals but might be all that the political system with accomplish. >> major, do we have any reason to believe that this time it is different? >> certainly because the deadline is real the house is coming back in session on sunday. everyone is going to be here either to preside over america going over the fiscal cliff and all of us watching it together orr last minute small deal
CSPAN
Dec 28, 2012 6:00am EST
challenge barack obama for the democratic presidential nomination in 2012, he thought she could win. she was surprised by all this. she said what can i do? secretary of state, i have lunch with the man every thursday. what about loyalty? he said there is no such word as loyalty in politics. he went on to say the people around obama did not understand how the real world works, that they had been responsible for losing america, aaa credit rating, the first time in its history and barack obama was in his words and amateur. i spoke to two people who were at that meeting. when i heard that i said "the amateur" is the perfect title for this book. >> host: president clinton has denied publicly used that term. >> guest: he has denied it but hillary has told her friends that she suspected of all people, chelsea had told me about this. that is not true. i never met chelsea clinton but apparently chelsea has a reputation talking to friends in the middle of meetings with her parents but it was a confirmation that the meeting did take place and it was an accurate representation of what went on d
FOX News
Dec 28, 2012 1:00pm PST
with you, no deal. i think i've called it the obama cliff and said we should swan dive over the cliff because it would be one thing democrats could get through their head when they cut spending. >> i agree completely. this is crazy that we're even having that discussion, eric. august spending 256-171 the ryan budget was passed extending tax relief for all americans. 19 democrats voted for that. it was handed to mr. reid, mr. obama starting the warfare about taxing the rich. reid sat on the bill. why didn't he bring it up for a vote? why didn't it get fair debate? mr. reid hasn't passed a budget and we going to believe they're serious about the fiscal problems? let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who kee
CBS
Dec 28, 2012 1:35am EST
of the speaker. >> the house remains on vacation. >> we're not working. every democrat, every republican ought to be here. >> president obama returned to d.c. thursday after his hawaiian vacation, met with aids, and called congressional leaders to the white house. cbs quotes sources saying, reid is ready to introduce a plan that would extend the bush era tax cuts for taxpayers making less than $250,000 a year, but not until republicans agree not to block it. >> republicans aren't about to write a blank check or anything senate democrats put forward, just because we find ourselves at the edge of the cliff. >> and this endless deadlock, this complete failure to compromise on seemingly anything and to govern -- >> the american people have spoken, and they've basically voted for the status quo. the president got re-elect, the senate is still in democratic hands and the house is still in republican hands. the american people have spoken. >> if there is no deal income tax cuts and payroll tax cuts are scheduled to expire at the end of the year. 2 million jobless americans lose their
CNN
Dec 28, 2012 8:00am PST
president obama will meet with with democratic and republican leaders of congress. that's at 3:00 p.m. eastern time. it's their first face-to face fiscal discussions since before thanksgiving. hopes are not high for a deal, but either way, you'll hear the news first here on cnn. >>> there's no doubt about it. eva longoria is one of hollywood's leading ladies, a big star with a big heart for charitable giving, focusing on one very close to her heart. >> i'm being pulled in a million different directions with supporting aids in africa or sex trafficking in thailand or dolphins in japan. and you can't do everything. so in thinking what do i really want to do? >> reporter: to answer that question, you could say eva longoria looked in the mirror. >> i knew i wanted it to be with women and in the latina community. >> reporter: known for playing the vixen on "desperate housewives" longoria had humble beginnings born to mexican-american parents. >> i wasn't the first to go to college. >> it wasn't a walk in the park. you had to work. >> i was flipping burgers, i was an assistant to a dent
MSNBC
Dec 28, 2012 10:00am PST
. >> we just had an election where president obama ran on that. we increased our majority in the senate with democratic candidates who said that to solve this problem the wealthiest americans have to pay their fair share, too. so -- if the republicans will not agree with that, we will reach a point at the end of the year where all of the tax cuts expire and we will start over next year and whatever we do will be a tax cut for whatever package we put together. >> when senator murray first said that there is a lot of -- anger on the gop saying she's willing to take us over the fiscal cliff. even some democrats said it was too early to have that mindset. but it seems to be that's what a lot of democrats would now like to see so they can get the 250 number or bell go they certainly don't see the harm necessarily in this happening. or at least the downside doesn't necessarily -- outweigh the positives which is, as you described is the tax cut on the wealthiest earners at a certain threshold. i think that will is a difference between the two sides wanting to go over the cliff which republican
KRON
Dec 27, 2012 5:00pm PST
, congressional leaders will meet with the president to discuss the standoff. obama and congressional democrats want a deal that would let tax rates rise for the wealthiest taxpayers. many republicans remain against any tax increases. the white house meeting would be the first time the president has huddled with all four leaders since november 16. the senate is back in session. majority leader harry reid is starting to sound pesimistic. >> "i have to be very honest. i don't know how it can happen now." >> reporter: the house is still on christmas break. but will meet sunday evening, a little more than 24 hours before the "fiscal cliff" arrives. but it's not clear what legislation it might consider >> "hopefully there is still time. prevent economic crisis." >> reporter: and over the edge is just where the economy may go. im justine waldman for kron 4 news. >> michael yaki is joining us. right into the deadline, five days to go. late this afternoon president obama is going to be meeting with congressional leaders. and in the over one month what can we expect any progress? >> i do not think so. b
NBC
Dec 28, 2012 6:00am EST
obama meets with congressional leaders this afternoon. democrats and republicans both say a deal at this point would probably extend bush era tax cuts for most persons and raise taxes on the country's top earners. it could include an extension of long-term unemployment benefits, spending cuts would also be postponed. >>> house speaker john boehner will be at today's meeting. he says the house will convene for a rare sunday evening session. eric cantor says the house could be in session until january 2nd. that's the day before the new congress is sworn in. boehner, meanwhile, still maintains that it's up to the senate at this point to make the first move. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people could lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> i represent the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we immediate t
PBS
Dec 28, 2012 3:00pm PST
, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began, several participants were seen leaving. >> and back at the capital the senate's democratic majority leader harry reid and republican minority leader mitch mccon
CBS
Dec 28, 2012 12:00pm PST
get any kind of agreement to avoid that fiscal cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last minute agreement to avoid automatic spending cuts and tax increases due to kick in january 1st. >> probably the worst case scenario will come out of this meeting today and that is we will kick the can down the road. >> reporter: senator bob courter told cbs this morning he predicts the meeting will bring only a temporary solution. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something. let me just say one more time this is a total dereliction of duty at every level. >> reporter: going over the cliff would affect 88% of u.s. taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last minute. >> they
FOX
Dec 28, 2012 6:00am EST
traffic. >>> this morning's big story is the fiscal cliff. with the clock ticking, president obama is inviting top lawmakers to the white house today. >> he will meet with both republican and democratic leaders to try to find an agreement on avoiding this fiscal cliff. sherry ly is live at the white house this morning with the latest. >> reporter: good morning. the tone here in washington hasn't really changed much since before christmas. now, with days to go before going over that so-called fiscal cliff, the president is hoping today's 3:00 meeting here at the white house with democratic and republican leaders will help avoid this standoff. both sides continue to play the blame game though. senate majority leader harry reid attacked house speaker john boehner for blocking a vote on a potential deal while the gop led house isn't due back until sunday, just one day before the deadline to avoid the automatic tax increases in spending cuts that could send the nation into recession. the differences between the two sides remain intact. democrats want to raise taxes on everyone earning more
PBS
Dec 27, 2012 4:00pm PST
democrats and republicans had to stop squabbling to have any chance at which an agreement by december 31st and higher taxes and spending cuts will automatically take effect. president obama has cut short his holiday to revive the talks. >> if we go over this cliff, the house of representative with four days left are not here with the speaker having told him that he will have 458 hours' notice. i cannot imagine their conscience out there wherever they are around the country and we are trying to get something done. >> why is the american economy teetering on the edge of the cliffs? these are some of the things that president obama is trying to prevent with the return to the lighthouse. an employment has fallen to a four year low and currently stands at 7.7%. no deal could mean 2.1 million jobs disappearing parent to it would equate to a contraction of 1.5% in the value of all goods and services america producers meaning less money to afraid with the rest of the world. as far as the republicans concerned, there is that we will not give you a blank check. >> mitch mcconnell, the republica
FOX News
Dec 28, 2012 2:00pm PST
? eric? >> eric: well, i'm on the record saying we should name it the obama cliff and swan dive off of it. the only way the democrats will cut spending, because they're forceed in to it. if nothing happens, and the deal is not truck, people paycheck get smaller because the payroll taxes expire. people will have to pay in their taxes to a different way. the alternative minimum tax won't be patched and we'll have to be addressed as well. taxes will go up. spending cuts over time will happen as well. i think the stock market will be hit hard. i have the most to lose than anyone i know but the only way to fix the economy. >> eric: president obama wants tax cuts to expire for everyone except those making under $250,000 a year. john boehner plan "b" making $1 million. this looked like president obama coming back with the same deal at 250. they are miles apart. >> kimberly: you were able to speak to people on the hill. what was your reaction? >> andrea: the president spread the stories that he will come to the table with a deal. swan dive off the fiscal cliff, hold your nose. we're going off. pr
CBS
Dec 28, 2012 6:00am EST
adopted from american families from ever leaving the country. >>> president obama will host a fiscal cliff summit at the white house today. he has invited the top republican and democrat from the house and senate. they're just a few days left before a series of tax hikes and spending cuts will kick in. many of which economists say could push the country into another recession. the senate got back to work thursday and the house will be called back in to work for a session on sunday. >>> a looming dock worker strike threatens to hurt the economy as well. longshoremen are locked in negotiations with shipping companies over the royalties paid to workers for each ton of cargo they move. a shutdown would impact 15 ports along the east coast and the gulf. and officials estimate it would cost $1 billion a day. >>> a new york city hospital evacuated during superstorm sandy reopened today. it's the first time since the storm hit that nearly all of the services at nyu's medical center are finally back up and running. the manhattan hospital had to clear out 300 patients after it lost gene
FOX News
Dec 27, 2012 8:00pm PST
republicans are more to blame for not going far enough on tax increases. 36% say that obama is more to blame for not agreeing to more spending cuts and 15% blame both sides. joining us now from new york, julie riganski, a democratic strategist and here in washington, steven moore, a member of the "wall street journal" editorial board. sesteven, let's start with you. great to hear harry reid on this. the last time i checked the do so called proposal that a he put forth in july didn't really receive any support and only dealt with tax increases. it wasn't a comprehensive deal and didn't involve real spending cuts it was just raise tax and it went no where. for him to blame republicans, come on. >> don't forget, it has been 13 hyundais since hair arery reid even passed a budget out of the united states senate. we don't even know what the united states senators stand for in terms of the budget debate. the same thing on taxes. the house actually passed a lot of people don't know that earlier this year the house passed a bill to extend all of the bush era tax cuts for another year until r
CSPAN
Dec 28, 2012 7:00am EST
us some inglewood, florida, democratic line. - marsha.ood mornin caller: good morning. president obama is focused on we can do better. i do not hope that or dream that or wonder that. i believe that and i am not even worried. i wish people had less worry. thank you. guest: we have a variety of problems. i think most of our problems are institutional. i think people misperceive the problems. in the 1970's we had a big scare about urban sprawl gobbling up our farmlands. yet all the urban areas in the country only cover less than 3% of the land area of the united states. we have a billion acres of farmland and yet in 1985 the florida legislature passed a law that protect farmland from urban sprawl. that law ended up causing a huge housing bubble that has not created a foreclosure crisis in florida. last year to repeal a bad law will help that from happening again. we can do better, obama is right. but we must understand the institutions that caused the problem and the problems. host: a tweet -- how do we strike a balance? you cannot just have homes. you have to have schools and sewe
MSNBC
Dec 28, 2012 2:00pm PST
good. and, you know, it's ironic because had boehner taken that last offer that obama gave him, one that would have changed the benefit structure for social security, it would have ended up fracturing the democratic base in some respects. a lot of progressives were upset the white house was even going there. they thought he didn't need to make that concession. a lot of this is the house republicans' own fault they're in in corner. they could have taken a deal, could have take an deal in the summer of 2011 which would have been more favorable to them. they didn't do either. >> if obama is coming out and from what we're hearing he's not making a real offer. he's coming out with $250,000 staying with what he had before christmas. he's playing hardball. if he came out and was talking about a $40,000 tlshg hold, we could say these parties may be close to promise but i don't see that right now. >> we're getting breaking news that the president will make a statement at 5:45 in the briefing room so we'll stay tuned for that. robert, help me out here. how can boehner stay as speaker when it
FOX Business
Dec 28, 2012 6:00pm EST
tonight, president obama speaking just moments ago. in that immediate action is needed to avert falling off the fiscal cliff. he says that he is optimistic for an agreement, but neither republicans or democrats will get 100% of what they want. earlier today, the president met with congressional leaders at the white house. a closed-door meeting, here is what the president said just a short time ago. >> we are going to construct a discussion with senate and house leadership of how to prevent this tax hike on the middle class. i am optimistic that we may still be able to reach an agreement that can pass both houses in time. senator reid and senator mcconnell are working on such an agreement as we speak we want congress taking up that issue now. in the meantime, the war on tracking, lisa jackson announced her plan to quit january 31. leading to questions as to who obama will choose to replace her. taking a more realistic approach. let ask john hiatt meister. >> with us tonight we go to john hiatt meister. we want to focus on tracking. do you think a new epa chief old crackdown on tracking?
MSNBC
Dec 28, 2012 11:00am PST
new smaller offer that president obama will apparently be making at his meeting with congressional leaders again in about 30 minutes. joining me now for that, democratic congressman chris van hollen. congressman, how can we characterize how you're feeling about the new smaller offer? >> well, melvin, i'm feeling much more optimistic before we learned about the meeting between the president and congressional leaders. i think the president will put on the table a proposal, somewhat along the lines that kelly was talking about. i don't think anybody knows the details and probably won't until after the meeting and then the question will be whether they can actually flesh that out, put it in the legislative form and get it past the house and the senate in time before, you know, we have the midnight strikes on new year's eve. >> so let's talk about this $250,000 threshold. as kelly o. mentioned, at one point the president said he would be willing to move to $400,000 and some talk as going to $500,000 and now back to $250,000. why the change? >> well, the president has said he would be wi
CNN
Dec 28, 2012 4:00am PST
us from falling over the fiscal cliff. congressional leaders meet with president obama and vice president biden if hopes of coming close to a deal. senior democratic officials say they can't find forward a path in this meeting it's over. ken rogoff from harvard university, ken is a prolific author, probably one of the greatest minds on economic crises, former chief economist at the international monetary fund. tell us the truth about this, ken, not that you don't usually. but this is what people want to know. what happens, if they don't come up with a deal and the deadline comes and goes, what happens? >> well most likely they'll reach a deal in a few weeks, there will be this cry, everybody will be screaming because their taxes are going up and spending went down and they'll come to a deal. this is an artificial crisis. we have a 20, 30-year path that doesn't work. they can't agree the democrats want to go off in this direction, the republicans off in this direction, they can't agree so they just said we'll make a deal. if we can't agree by the end of 2012 we'll jump off this c
CNN
Dec 28, 2012 1:00pm PST
. republican and democratic leaders at the house and senate met with president obama to discuss ways to avoid the hundreds of billions of dollars worth of tax increases and spending cuts that hit in just four days. the meeting broke up about 45 minutes ago. cnn radio capitol hill correspondent lisa awaited the leaders' arrival. lisa, let's talk about what we can look for out of this meeting. is there any chance at all to get a deal before the clock strikes midnight on the 31st. >>. >> reporter: right. i think the key player is mitch mcconnell to watch. we're getting potentially more information about what is happening next. our capitol hill producer deidre walsh was there when some of the leaders returned and she spoke with nancy pelosi who said this meeting was constructive and candid. here's what is especially interesting. nancy pelosi told reporters that the president led a meeting that ended with senators reid and mcconnell trying to work something out between the two of them. now it seems like we've gone from a process that was president obama and speaker boehner and then today to
ABC
Dec 28, 2012 1:40am PST
session. here's abc's jonathan karl with more. >> reporter: president obama cut short his hawaiian vacation, rushing back to washington where storm clouds, real storm clouds are gathering over the capitol. instead of deal making, it's name calling. the top democrat in the senate, accusing the republican speaker of the house of running a dictatorship. they say they haven't given up, but it sounds that way. >> i don't know time wise how it can happen now. >> here we are, once again, at the end of the year, staring at a crisis we should have dealt with literally months ago. >> reporter: without an agreement soon, nearly everybody takes a hit. a schoolteacher with two kids and a salary of $43,000, for example, will face a tax hike of more than $3,000. members of congress helped get us in this mess and they'll pay, too. with incomes of $174,000, they'll pay some $7,500 more in taxes. and it's not just taxes. on january 1, unemployment benefits expire for some 2 million people. you can expect one last effort, including a meeting at the white house with congressional leaders to try to pre
NBC
Dec 28, 2012 4:00pm EST
mid-november of the four congressional leaders, democrats and republicans at the white house. called by president obama, house speaker jane boehner, the key figure. >> the fact that he's come back and the four of them are at the table means to me we could come up with some kind of agreement. >> reporter: both sides want a deal to avoid tax hikes that could cost middle-class families $2400. if that rate lasts all of next year. the hangup is still tax hikes on the rich. rich of the rich to tax more, those making over $250,000, the obama proposal, or $400,000, a level senate republican leader mitch mcconnell reportedly said he might be able to sell, but republicans wants the debate shifted. >> all the talk is about taxes. what the talk should be about is what we want to talk about today, and that's the medicare fiscal cliff. >> reporter: no way to cut a deal by tuesday to reform entitlements. some say that's good. >> the big problem is if we do something right now that has longlasting adverse effects on economic growth, that will cost us for a very long time. >> reporter: but for a shor
FOX
Dec 28, 2012 9:00am EST
meeting wwll be held in washington today.... between preeident obama and top congressional leaders. leaders.they've got just 4 days left to reach an eeonomy goes overrthe e u-- so-called "fiscal cliff." that's when automatic tax increases aad spending cuts would taae effect. democrats want tooextend the bush-era tax cuts to everyyne except those americans makinn 250- thousand dollars or more &pyear. but many rrpubllccns remain against any tax increases. if lawmakers don't reach a deal by january 1stt... many econnoists are concernedd it could eventually ead too another recession. with all eyes on the fiscal cliff... there'ss anotter deadline quickly approaching that miggt haae consumers concerned... the "milk cliff." it's part of a stalled farmmbill... that includes nearly 35-billionn dollars in cuts. if the bill oesnnt make t througg congrees before the end o the year... he government ill be &pforceddto buy vast quantities consumer milk prices as high w.- as 6 to 8 dollars a gallonn.. because the governmenn would the wholesaae rate... under the 1949 rules. the first ovvrnight gamb
NBC
Dec 28, 2012 6:30pm EST
patience has worn out. after an hour-long closed-door meeting with the president, both the democratic and republican congressional leaders left the white house without saying a word. later, president obama weighed in. >> the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. the economy is growing, but sustaining that trend is going to require elected officials to do their jobs. >> reporter: and back at the capitol, senate majority leader, harry reid, described the meeting as constructive. >> we're out of time. we've got to do it now. that's why the next 24 hours will be very important. >> reporter: a source familiar with the talks told nbc news the president reiterated the proposal he presented before leaving on vacation last week. calling for, among other things, a tax cut extension for those making $250,000 or less. and extending unemployment benefits that are set to expire. the source says the president is confident his plan can pass in both the house and senate if republicans allow a vote. earlier in the day, r
FOX
Dec 28, 2012 6:00am EST
in washington today.... between preeident obama and top congressional eaders. leaderr.they've got just 4 agreemenn... before the u-s economyygoes over the so-called "fiscal cliff." thht's when automatic tax increases and spending cuts wouud take effect. democrats want to exxend the bush--ra tax cuts to everyone except those americans making 250- thousand dollars or morr a year. but many republicans remain against ann taa &piicreases. if lawmakers don't reach a deal by january 1st... mmny economists are concerned another recession. wwth all eees on the fiscal cllff... there's annthhr deadline quickly approaching that might have consumerr concerned... the "milkkcliff." it's part of a talled farm biil... that includes nearly 35-billion- dollars in cutt. iffthe congress befooe the end of the year... the governmeet will be of milk under a truuan-era law.- that could send consumer milk prices as high because the government would be obligated to pay átwiceáá the whhlesale rate... under the 1949 ruless throw way the locks.... noo the doors will maryland casinos. so - pow mucc more mone
ABC
Dec 28, 2012 4:00am EST
about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his hawaii vacation yesterday. speaker boehner called the house back into town for an unusual sunday session. but members of congress understand the 11th-hour actions may not be enough to appease the public. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york. thank you. >>> the country has lost one of its great warriors. tributes are pouring in this morning for retired ge
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